Category Archive: Cryptocurrency, No picture
Amazon Hiring Blockchain and Digital Currency Leader
This news was brought to you by Phemex, our preferred Derivatives Partner. E-commerce giant Amazon has published a job posting that aims to hire a digital currency and blockchain product lead. Hire Will Have Crypto Expertise The job posting notes that the hire will lead “Amazon’s Digital Currency and Blockchain strategy and product roadmap.” They […]
Cardano Prepares for 60% Price Move
Key Takeaways Cardano’s price action is contained within two critical price points that will determine where it moves next. On the upside, slicing through the $1.30 resistance level would be vital for ADA to rise to $2.00. If the $1.00 support fails to hold, investors may need to prepare for a 60% crash. Cardano remains […]
Karura Swap Launches First DEX in Polkadot Ecosystem
This news was brought to you by ANKR, our preferred DeFi Partner. Karura has implemented the Polkadot ecosystem’s first decentralized exchange. Karura Swap Becomes First DEX on Kusama The Polkadot ecosystem has got its first decentralized exchange (DEX). Karura Swap, an automated market maker on Polkadot’s canary network Kusama, is now functional. The DEX was […]
Binance U.S. May Go Public, CEO Says
Key Takeaways Changpeng “CZ” Zhao has said Binance’s U.S.-based division is considering an IPO. The update from the exchange’s CEO comes amid a wave of regulatory warnings over the exchange’s practices. Zhao has said that the exchange will ensure it complies with regulators. Speaking at an online event Friday, Binance CEO Changpeng Zhao said Binance […]
What is Causing Axie Infinity’s Boom in Popularity?
Key Takeaways Over the last month, Axie Infinity has boomed in popularity. Factors such as the Ronin sidechain and the game’s play-to-earn model have attracted new players. Scholarship programs are also making the game more accessible. Axie Infinity has experienced a rapid rise in recent weeks, with the game’s native token AXS surging 469% this […]
Ethereum Community Backs Ethiopia Ahead of Olympics
Key Takeaways Ethereum fans are showing their support for Ethiopia after Twitter added the country’s flag to the “ETH” hashtag in celebration of the Olympics. A DAO called EthiopiaDAO has formed, while some community members have suggested sponsoring the country’s Olympic team. The Olympics thanked Twitter founder Jack Dorsey and the wider crypto community for […]
$8M Lost as THORChain Suffers Third Attack in a Month
Key Takeaways THORChain has suffered an attack, leading to losses of around $8 million. An attacker tricked the Bifröst protocol into accepting a fake deposit, then received a refund for the assets even though it hadn’t deposited any to the protocol. It’s the third major incident to hit THORChain in a month. A Bifröst exploit […]
Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce
This news was brought to you by Phemex, our preferred Derivatives Partner. Cryptocurrency payment processor Coinbase Commerce has added Dogecoin (DOGE) to its list of supported altcoins. much payment. very commerce. 🐕 Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)! — Coinbase Commerce (@CommerceCB) July 21, 2021 […]
Lawsuit Claims Dfinity ICP Token is Unregistered Security
Key Takeaways California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act. The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration. The complainant aims to seek compensation for the ICP investors the lawsuit […]
JPMorgan Lets Retail Wealth Clients Access Grayscale Products: Report
JPMorgan has become the first major bank to offer crypto access to retail wealth clients. JPMorgan Expands Crypto Access JPMorgan is doubling down on crypto. The American investment bank has allowed all of its wealth management clients access to crypto trading, Insider reported Thursday. It’s the first major U.S. bank to let all of its […]
